Barry Stuppler

Some links to recent informative articles on precious metals and rare coins: Alan Greenspan Explains Why China is Hoarding Gold     This Week’s Headlines: Gold Understanding the importance of an Intra-day reversal Silver Platinum Recommended Investment Commitment and Diversification   GOLD Gold dropped $22.50 per ounce last week, closing the week at $1,192.90, the lowest price that it has...

GOLD This morning Gold hit a low of $1,183 per ounce after the U.S. currency weakened, sellers disappeared, and bargain buyers became interested. The rally took the Gold price back above the important $1,200 per ounce level. Although I would like to think this could be the turn, it is too early to say it, particularly because the trading volume...

GOLD Today’s report of the U.S. Jobless rate dropping below 6% (a six-year low) caused the U.S. Dollar and stock market to surge. A strong U.S. Dollar is negative for Gold, and the price dropped to a low of $1,189 per ounce before bargain buyers and short covering came in. Gold’s support level is $1,179 per ounce (last June’s low...

GOLD The Gold price is the key to setting the direction for Silver, and right now it is not looking good. After four attempts to take the Gold value below $1,200 per ounce, today Gold is trading in the $1,208 to $1,222 per ounce range. The turn is coming soon, but I need to see more volatility and trading volume...

In a piece published today by the Council on Foreign Relations, former Fed chair Alan Greenspan examined the recent dramatic rise in gold imports by China. 

He theorized that the country was likely in the process of converting its foreign reserves to gold in order to . . . .

GOLD Today was the bears 4th attempt to bring Gold below $1,200, with Gold reaching a low of $1,204.70 before bargain buyers appeared. The market continues to be in the hands of the bears awaiting a high volume reversal. At 11am PDT today, Gold is trading at $1,214 per ounce, up $3.50 on average volume. SILVER Silver sold down to...

GOLD Like I have stated earlier, it was the last day of the month and the third quarter and Gold reaches the lowest price for the year. This morning Gold hit a new yearly low of $1,204 per ounce before finding bargain buyers. The real question is: Is this the turn that I have been waiting for? Well, I didn’t...

Some links to recent informative articles on precious metals and rare coins: China’s long term Gold plans Russia & China Add To Their Gold Reserves!   This Week’s Headlines: Gold The critical moment is coming for Gold Indian Gold demand about to surge Silver Recommended Investment Commitment and Diversification GOLD Last Friday Gold closed at $1,215.40, down $13.50 per ounce...

GOLD Gold has traded today in a narrow $8 range ($1,215 to $1,223 per ounce) on light volume. Traders refer to this type of trading as sideways trading, awaiting direction. With Gold reaching a high of $1,237 and a low of $1,206 per ounce, we are seeing it trade in the middle of the range. At 11am PDT today, Gold...

GOLD Gold tried to breakout this morning, reaching a high of $1,230 per ounce, before the sellers came in to drive the price below $1,220. Professional commodity traders point to the extraordinarily strong U.S. Dollar (which reached a four year high today) as the main cause. This week the bears have made two attempts to take the price below $1,200...